Seinfeld Circular Flow Diagram
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1) The coffee shop receives $7 from Jerry in exchange for a sandwich
2) UA receives $75 from Kramer in exchange for an air ticket
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(Revenue)
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Markets for Goods and Services:
1) Sandwich market
2) Airfare market
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(Spending)
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1) Jerry buys a sandwich for $7 at the coffee shop
2) Kramer buys an air ticket from UA for $75
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(Revenue)
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1) The coffee shop sells sandwiches
2) UA Airlines sells airline tickets
(Goods and services sold)
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1) Jerry buys sandwiches
2) Kramer buys an airline ticket (Goods and services bought)
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(Spending)
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Firms:
1) Coffee Shop
2) UA Airline
3) Apple
4) NY Yankees
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Households
1) Jerry
2) Kramer
3) Elaine
4) George
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(Wages, rent, and profit)
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3) Apple offers its stock for sale
4) NY Yankees employ workers(Factors of production)
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3) Elaine invests in stock
4) George provides labor (Labor, land, and capital)
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(Income)
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3) NY Yankees pay George $5000 monthly for his work
4) Apple pays Eliane $2000 of dividends from profit
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(Wages, rent, and profit)
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Markets for Factors of Production
3) Labor Market
4) Stock Market
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(Income)
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3) Elaine receives $2000 of dividends on her Apple stock
4) George receives $5000 monthly for his work at NY Yankees
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Circular Flow Diagram
